China is moving ever closer to the internationalization of the yuan, with the currency scheduled to officially join the Special Drawing Rights basket on October 1. This move shows the importance of the country to the global economy. CCTV spoke to the Vice Governor of the Chinese central bank, Yi Gang, during the recent G20 meeting in the eastern Chinese city of Hangzhou. Yi discussed the implications of this development, and how it was related to China's ongoing economic reforms.
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published:09 Sep 2016

views:642

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Globally, gold demand declined 2 per cent to 929 tonnes during the quarter. Central banks were net buyers of gold for the 15th consecutive quarter, buying 93 tonnes (101 tonnes) during Q3FY14. The Swiss government is to hold a referendum in end-November to mandate the holding of 20 per cent of their reserves in gold as against 8 per cent levels. If passed, Switzerland would need to buy around 1500 tonnes of gold over five years for a stronger gold-backed currency. "The holding of a referendum is in itself an affirmation of the increasing importance of gold globally," Mr. Somasundaram said.
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Your own due diligence is recommended before buying or selling any investments, securities, or precious metals.

published:30 Nov 2014

views:235603

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In This Episode:
The central bank of China, the PBOC is hiring a team of people to develop a new digital currency which utilizes the blockchain technology. They join the other central banks which have publicly declared they’re looking into the feasibility of blockchain. This could really be a game changer.
china chinese yuan people's bank of china currency digital blockchain US dollar reserve currency bitcoin

CHINA have been warned that they are on the brink of financial collapse in a shock warning from central bank governor Zhou Xiaochuan.
China’s financial system is becoming more vulnerable due to high levels of leverage, or borrowing, the central bank governor Zhou Xiaochuan has claimed.
Writing in an article published on the People’s Bank of China’s website late Saturday, Mr Zhou warned about the prospect of potential financial problems in the world’s second-biggest economy.
Mr Zhou claimed that the country needed to tighten regulation as the governor warned about looming risks.
The central bank governor released his strategy to avoid a financial crisis by calling for equity funding and to eliminate “zombie” companies.
Risks of damage to the financial markets in China are “hidden, complex, sudden, contagious and hazardous,” according to Mr Zhou.
He wrote: “High leverage is the ultimate origin of macro financial vulnerability.
“In sectors of the real economy, this is reflected as excessive debt, and in the financial system, this is reflected as credit that has been expanding too quickly.”
Mr Zhou, who is expected to retire after a record 15 years, referred to a fear of sudden collapse in asset prices after large periods of growth.
When answering questions at the 19th Communist Party Congress report, Mr Zhou explained how to strength China’s financial system.
He said: “Financial risks include basic risks associated with financial markets and financial institutions.
“For example, some unhealthy financial institutions fail to meet relevant standards, and as a result may have to be closed or go bankrupt.
“By comparison, systemic financial risks can lead to financial crisis, set off dramatic chain reactions in the market, and cause great shocks to the economy and employment.”
The Governor did explain that the overall health of the financial system in China remained good, despite warnings.
In the article Mr Zhou also said China should: “actively develop equity financing, and steadily increase the proportion of direct finance.”
In a bid to fight off risks, China should handle “both cause and symptoms”, and be active in “both pre-emptive measures and reactive solutions”, Mr Zhou wrote.

China’s central bank has announced it is again slashing the interest rate and reserve requirement ratio, so as to release more liquidity and lower financing costs. The move comes two months after the previous cut in August, and marks the fifth such reduction in 2015. The People’s Bank of China (PBOC) slashed the one-year benchmark bank lending rate by 0.25% to 4.35%, and the one-year benchmark deposit rate by 0.25% to 1.5%. The reserve requirement ratio, which sets the minimum amount of deposit a bank must keep, is reduced by 0.5%.
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The central bank issued its new 100 yuan bill on Thursday.
The new banknote is design for easier identification by vending machines and automatic teller machines.
The most obvious change is the gold figure of 100 in the middle of the note. There are also some other technical changes to prevent the faking of the note.
Printing started about a month ago. This is the third 100-yuan edition of the fifth series of banknotes introduced in 1999. The second edition was issued in 2005.
Some Chinese residents say they like the new version.
"I think it's better than before," said a resident in Shanghai.
"It looks more like money with the kind of shiny powder on it," said another resident.
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The primary function of a central bank is to control the nation's money supply (monetary policy), through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis. Central banks usually also have supervisory powers, intended to prevent bank runs and to reduce the risk that commercial banks and other financial institutions engage in reckless or fraudulent behavior. Central banks in most developed nations are institutionally designed to be independent from political interference. Still, limited control by the executive and legislative bodies usually exists.

People's Bank of China

The People's Bank of China (PBC or PBOC, Chinese:中国人民银行) is the central bank of the People's Republic of China with the power to control monetary policy and regulate financial institutions in mainland China. The People's Bank of China has more financial assets than any single public institution, and is second only to the Federal Reserve System of the United States in terms of overall central bank assets.

History

The bank was established on December 1, 1948, based on the consolidation of the Huabei Bank, the Beihai Bank and the Xibei Farmer Bank. The headquarters was first located in Shijiazhuang, Hebei, and then moved to Beijing in 1949. Between 1950 and 1978 the PBC was the only bank in the People's Republic of China and was responsible for both central banking and commercial banking operations. All other banks within Mainland China such as the Bank of China were either organized as divisions of the PBC or were non-deposit taking agencies.

In the 1980s, as part of economic reform, the commercial banking functions of the PBC were split off into four independent but state-owned banks and in 1983, the State Council promulgated that the PBC would function as the central bank of China. Mr. Chen Yuan was instrumental in modernizing the bank in the early 1990s. Its central bank status was legally confirmed on March 18, 1995 by the 3rd Plenum of the 8th National People's Congress. In 1998, the PBC underwent a major restructuring. All provincial and local branches were abolished, and the PBC opened nine regional branches, whose boundaries did not correspond to local administrative boundaries. In 2003, the Standing Committee of the Tenth National People's Congress approved an amendment law for strengthening the role of PBC in the making and implementation of monetary policy for safeguarding the overall financial stability and provision of financial services.

Exclusive interview with Vice Governor of China’s central bank

China is moving ever closer to the internationalization of the yuan, with the currency scheduled to officially join the Special Drawing Rights basket on October 1. This move shows the importance of the country to the global economy. CCTV spoke to the Vice Governor of the Chinese central bank, Yi Gang, during the recent G20 meeting in the eastern Chinese city of Hangzhou. Yi discussed the implications of this development, and how it was related to China's ongoing economic reforms.
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4:45

What Do China, Russia And Central Bankers Know That Americans Do Not!!! (Gold Demand) Part 1

What Do China, Russia And Central Bankers Know That Americans Do Not!!! (Gold Demand) Part 1

What Do China, Russia And Central Bankers Know That Americans Do Not!!! (Gold Demand) Part 1

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Globally, gold demand declined 2 per cent to 929 tonnes during the quarter. Central banks were net buyers of gold for the 15th consecutive quarter, buying 93 tonnes (101 tonnes) during Q3FY14. The Swiss government is to hold a referendum in end-November to mandate the holding of 20 per cent of their reserves in gold as against 8 per cent levels. If passed, Switzerland would need to buy around 1500 tonnes of gold over five years for a stronger gold-backed currency. "The holding of a referendum is in itself an affirmation of the increasing importance of gold globally," Mr. Somasundaram said.
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Date: 11/30/2014
Fair use claimed for certain material used: 2 Photos from public domain.
Royalty freeStock media was provided by videoblocks.com under license agreement with VideoBlocks with rights to profit from all the video clips used in this short video.
The analysis and discussion provided by MoneyBags73 is for your education and entertainment purposes only, it is not recommended for trading purposes. I am not an investment adviser and information obtained here should not be taken for professional investment advice.
The commentary on MoneyBags73's videos reflect the opinions of MoneyBags73.
Your own due diligence is recommended before buying or selling any investments, securities, or precious metals.

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In This Episode:
The central bank of China, the PBOC is hiring a team of people to develop a new digital currency which utilizes the blockchain technology. They join the other central banks which have publicly declared they’re looking into the feasibility of blockchain. This could really be a game changer.
china chinese yuan people's bank of china currency digital blockchain US dollar reserve currency bitcoin

CHINA have been warned that they are on the brink of financial collapse in a shock warning from central bank governor Zhou Xiaochuan.
China’s financial system is becoming more vulnerable due to high levels of leverage, or borrowing, the central bank governor Zhou Xiaochuan has claimed.
Writing in an article published on the People’s Bank of China’s website late Saturday, Mr Zhou warned about the prospect of potential financial problems in the world’s second-biggest economy.
Mr Zhou claimed that the country needed to tighten regulation as the governor warned about looming risks.
The central bank governor released his strategy to avoid a financial crisis by calling for equity funding and to eliminate “zombie” companies.
Risks of damage to the financial markets in China are “hidden, complex, sudden, contagious and hazardous,” according to Mr Zhou.
He wrote: “High leverage is the ultimate origin of macro financial vulnerability.
“In sectors of the real economy, this is reflected as excessive debt, and in the financial system, this is reflected as credit that has been expanding too quickly.”
Mr Zhou, who is expected to retire after a record 15 years, referred to a fear of sudden collapse in asset prices after large periods of growth.
When answering questions at the 19th Communist Party Congress report, Mr Zhou explained how to strength China’s financial system.
He said: “Financial risks include basic risks associated with financial markets and financial institutions.
“For example, some unhealthy financial institutions fail to meet relevant standards, and as a result may have to be closed or go bankrupt.
“By comparison, systemic financial risks can lead to financial crisis, set off dramatic chain reactions in the market, and cause great shocks to the economy and employment.”
The Governor did explain that the overall health of the financial system in China remained good, despite warnings.
In the article Mr Zhou also said China should: “actively develop equity financing, and steadily increase the proportion of direct finance.”
In a bid to fight off risks, China should handle “both cause and symptoms”, and be active in “both pre-emptive measures and reactive solutions”, Mr Zhou wrote.

Chinese central bank announces cuts to rates and RRR

China’s central bank has announced it is again slashing the interest rate and reserve requirement ratio, so as to release more liquidity and lower financing costs. The move comes two months after the previous cut in August, and marks the fifth such reduction in 2015. The People’s Bank of China (PBOC) slashed the one-year benchmark bank lending rate by 0.25% to 4.35%, and the one-year benchmark deposit rate by 0.25% to 1.5%. The reserve requirement ratio, which sets the minimum amount of deposit a bank must keep, is reduced by 0.5%.
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China's Central Bank Issues New 100-Yuan Banknote

The central bank issued its new 100 yuan bill on Thursday.
The new banknote is design for easier identification by vending machines and automatic teller machines.
The most obvious change is the gold figure of 100 in the middle of the note. There are also some other technical changes to prevent the faking of the note.
Printing started about a month ago. This is the third 100-yuan edition of the fifth series of banknotes introduced in 1999. The second edition was issued in 2005.
Some Chinese residents say they like the new version.
"I think it's better than before," said a resident in Shanghai.
"It looks more like money with the kind of shiny powder on it," said another resident.
More on: http://news.cctvplus.tv/NewJsp/news.jsp?fileId=326133
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7:01

China’s Central Bank Adds No Gold to Reserves in November

China’s Central Bank Adds No Gold to Reserves in November

China’s Central Bank Adds No Gold to Reserves in November

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China’sCentral BankAdds No Gold to Reserves in November
Today is Friday 23rd December 2016 and we are briefly covering what is happening to gold imports into China.
But first a question or four:
• Do you recall headlines lately about China selling off US Treasuries because they lacked confidence in the dollar and preferred to invest their money in tangible assets such as gold?
• Do you recall headlines about China setting up its own Gold Price Fix against the Yuan on The Shanghai Gold Exchange’s program which includes 12 “fixing” members, 10 of which are Chinese banks - which would make more transparent the true price of gold?
• Do you recall headlines from the pumpers that China has been importing record levels of physical gold and it’s only a matter of time before its price starts to rise?
• Do you recall watching you tube videos when a great deal of fuss was made about China declaring it monthly gold reserves back in July 2015 and the expectations that this was going to cause gold prices to rise as it would prove the vast amounts of gold being imported?
Well we remember all of these. What we do not recall however in the last few days are the headlines which state :
“The People’s Bank of China reported that it added no gold in to her reserves in November and that this was the second month in 2016 that the PBOC did not add any gold to its reserves and with its foreign reserves falling $69 billion in November after falling $48 billion in October.”
Strange that don’t you think? We all hear about instances which can cause the price of gold to rise, but as soon as some information comes out which could have the opposite effect we hear very little.
The PBOC has been reporting its gold reserves on a monthly basis since July 2015 after not updating its gold holdings since 2009. China has added about 185 tons of gold to its reserves, bringing its total to 1,843 tons, the fifth most of any nation. China’s pace of gold acquisition, however, has slowed in 2016 as Chinese foreign reserves, including her holding of U.S. Treasuries have fallen.
Gold as a percentage of China’s foreign reserves is under 3%.
Whilst China’s 1,843 tons is an impressive amount, in fairness it does not reflect the entirety of the Chinese gold market or gold demand.
Now in the interests of transparency we have to admit that only a small portion of gold that is produced and imported into China finds its way to the foreign reserves of People’s Bank of China and so there is gold being purchased by individuals and investors elsewhere.
Ah Ha we hear the pumpers cry – that’s it its not the Central bank buying the gold its everyone else in China buying it.
Well perhaps they can explain why Chinese gold imports through Hong Kong were at 669 tons at the end of October, 2016 when in 2014 and 2015 Chinese gold imports through Hong Kong were 813 and 861 tons, respectively. So the figures are clearly down, though again in fairness China does not report additional amounts of gold imported through Shanghai. Don’t tell us it’s through Shanghai that all the gold is sold. mmmm
So when you see the headlines or individuals pumping up the amount of gold that China is buying just stop for a moment and simply ask yourself the question Really?
By the way since Friday’s close, gold is down just $5 at $1129 and silver is down 26 cents at $15.84.
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https://youtu.be/7U3Y-Yn-jZ4
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Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin MinersThe People’s Bank of China (PBOC) today had a closed-door meeting on the use of electricity for bitcoin mining. The legitimacy of the news has been confirmed by Tencent Finance.
Also Read:
The PBOC Investigates the Power Usage of Bitcoin Mining
said that China’s central bank recently had a closed-door meeting to discuss how to regulate bitcoin mining. Two sources reveal that the authority doesn’t plan to shut down mining farms, but to regulate the power usage of bitcoin miners.
A Sichuan-based bitcoin mining farm owner said that the local government is investigating a list of bitcoin mining data centers in the area.Governments at all levels were asked to clarify the location and numbers of bitcoin miners and report relative information to the monetary authority.He added that the move is currently targeting small-scale mining farms. “Large mining farms are still operating as usual But future development of bitcoin mining might be limited.”ChinesePress Are Talking About a Bitcoin ‘Bubble’
China Economic Weekly, the official newspaper subsidiary for the People’s Daily reported on the first working day of 2018 the government acted “with an iron fist” to ban initial coin offerings back in September for financial stability. The next day, China’sPeople’s Dailysaying that the discussion over a Bitcoin bubble is necessary.The so-called advantages such as scarcity, fidelity, strong liquidity, transparency and decentralization are only disguises for speculation. How come bitcoin price rallied hard in 2017 while it hasn’t made any improvement over the years?The official press of the Chinese government believes that investors try to make bitcoin look mysterious by highlighting its anonymous creator and bragging about its free liquidity. “the current tumble is a warning signal,” said the newspaper. “Investors must remain cautious of these pump-and-dump schemes.”
What do you think of the closed-door meeting and press’s weighing in on bitcoin? Leave your comments below. Images via Shutterstock.Need to calculate your bitcoin holdings? Check our tools section.
Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin Miners
BTCNews is the world's premier 24/7 news feed covering everything bitcoin-related.
‎About Bitcoin News, How to Calculate Bitcoin ... · ‎Bitcoin for Beginners ‎Op-Ed

ECB shifts dollar reserves to Chinese yuan

The European Central Bank (ECB) said it shifted 500 million euro (about 577 million US dollars) worth of its US dollar reserves to the Chinese yuan in the first half of this year. Is it a nod to growing international ties between the EU and China? The use of Chinese renminbi (RMB) as a global foreign currency has increased in recent years. A year after the International Monetary Fund (IMF) recognized the RMB as a global reserve currency, the ECB sold off a fraction of its US dollar holdings and bought 500 million Euros (about 577 million US dollars), worth of RMB.
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2:38

Chinese Central Bank Completes Trial Run on Digital Currency System

Chinese Central Bank Completes Trial Run on Digital Currency System

Chinese Central Bank Completes Trial Run on Digital Currency System

http://inteldinarchronicles.blogspot.com/2017/01/chinese-central-bank-completes-trial.htmlThe People’s Bank of China (PBOC) has completed a successful trial run of a digital bank acceptance exchange, moving it closer to becoming the first central bank in the world to research and test its own digital currency, according to media agency Caixin.
Citing sources from the PBOC, Caixin says the central bank on Dec. 15 completed the trial in transactions and settlements of bank acceptance bills using a digital currency it developed.
The tests were run with the participation of several commercial banks, including the Industrial and Commercial Bank of China, Bank of China and the private WeBank, the sources said.
Taking the next steps, the Bank plans to set up a digital currency research institute, staffed by experts in developing big-data systems, cryptography, and blockchain technology.
When the system is ready, the central bank’s pilot digital bank acceptance exchange platform will be connected with the existing ShanghaiCommercial PaperExchange to form a national platform for bank bill transactions, said a person close to the central bank.
In previous discussions on the subject, the PBOC has inferred that China's digital money will be legal tender backed by the central government, and will enter circulation alongside traditional paper bills.

7:00

The European Central Bank Switched to Chinese Yuan for the first - politics

The European Central Bank Switched to Chinese Yuan for the first - politics

The European Central Bank Switched to Chinese Yuan for the first - politics

Today's Alternative NewsChannel - The European Central BankSwitched to Chinese Yuan for the first time!
in what could be a major sign of things to come, the European Central Bank just switched to Chinese Yuan for the first time. Will this be the beginning of the end for the fiat US dollar?n what could be a major sign of things to come, the European Central Bank just switched to Chinese Yuan for the first time. Will this be the beginning of the end for the fiat US dollar?
According to a muted article from Reuters,
ECB shifts some reserves to yuan from U.S. dollarsSource:
https://geopolitics.co/2017/06/15/the-european-central-bank-switched-to-chinese-yuan-for-the-first-time/
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junenela54

(9 Mar 2018) China's central bank governor sought on Friday to defuse concern over the country's rising debt, saying it has been "stabilised."
Zhou Xiaochuan's comments follow Beijing's criticism last year of global rating agencies that cut its credit rating due to China's total government and corporate debt burden.
Chinese regulators are trying to curb reliance on debt to support economic growth and clear away unpaid loans but private sector analysts warn they might be moving too slowly.
Chinese debt burden estimated to have risen to at least 270 percent of gross domestic product, close to the level of developed economies.
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/c7d3739d43edac5a1beedd699b4d8494
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China buys US Bonds. Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/china-us-debt-situation/v/review-of-china-us-currency-situation?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here:
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/china-us-debt-situation/v/china-pegs-to-dollar-to-keep-trade-imbalance?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: This tutorial contains short videos that explain how China and the United States are intertwined through currency and debt. This is key for understanding the current global macro picture.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
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China is cutting interest rates again in a new effort to shore up its anemic economic growth. The People's Bank of China announced Saturday that it was cutting the rate on a one-year loan by commercial banks by 0.25 percentage point to 5.35 percent. The cuts follow a string of tax reductions and other measures aimed at propping up growth. The latest cuts are expected to reduce financial costs for state companies and are a signal to state-owned banks to boost lending.
http://feeds.foxnews.com/~r/foxnews/world/~3/AFs7q38mBMI/
http://www.wochit.com

20:42

Bitcoin Could COLLAPSE Financial System According to China Central Bank Advisor!

Bitcoin Could COLLAPSE Financial System According to China Central Bank Advisor!

Bitcoin Could COLLAPSE Financial System According to China Central Bank Advisor!

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In This Episode:
According to a PBOC’s advisor, Bitcoin is illegitimate but the currency they issue is not. Government decree is the only thing that sets a fiat currency apart from a cryptocurrency in this respect. Governments and those in the financial industry have been constantly dwelling on the dangers of cryptocurrencies all the while proving that central planners are completely incapable of price stability.
bitcoin ether ethereum crypto cryptocurrencies blockchain

Chinese Central Bank Buying Treasuries

Exclusive interview with Vice Governor of China’s central bank

China is moving ever closer to the internationalization of the yuan, with the currency scheduled to officially join the Special Drawing Rights basket on October 1. This move shows the importance of the country to the global economy. CCTV spoke to the Vice Governor of the Chinese central bank, Yi Gang, during the recent G20 meeting in the eastern Chinese city of Hangzhou. Yi discussed the implications of this development, and how it was related to China's ongoing economic reforms.
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published: 09 Sep 2016

What Do China, Russia And Central Bankers Know That Americans Do Not!!! (Gold Demand) Part 1

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Globally, gold demand declined 2 per cent to 929 tonnes during the quarter. Central banks were net buyers of gold for the 15th consecutive quarter, buying 93 tonnes (101 tonnes) during Q3FY14. The Swiss government is to hold a referendum in end-November to mandate the holding of 20 per cent of their reserves in gold as against 8 per cent levels. If passed, Switzerland would need to buy around 1500 tonnes of gold over five years for a stronger gold-backed currency. "The holding of a referendum is in itself an affirmation of the increasing importance of gold globally," Mr. Somasundaram said.
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Tr...

LOOK THROUGH MY BOOKS!: http://books.themoneygps.com
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In This Episode:
The central bank of China, the PBOC is hiring a team of people to develop a new digital currency which utilizes the blockchain technology. They join the other central banks which have publicly declared they’re looking into the feasibility of blockchain. This could really be a game changer.
china chine...

CHINA have been warned that they are on the brink of financial collapse in a shock warning from central bank governor Zhou Xiaochuan.
China’s financial system is becoming more vulnerable due to high levels of leverage, or borrowing, the central bank governor Zhou Xiaochuan has claimed.
Writing in an article published on the People’s Bank of China’s website late Saturday, Mr Zhou warned about the prospect of potential financial problems in the world’s second-biggest economy.
Mr Zhou claimed that the country needed to tighten regulation as the governor warned about looming risks.
The central bank governor released his strategy to avoid a financial crisis by calling for equity funding and to eliminate “zombie” companies.
Risks of damage to the financial markets in China are “hidden, c...

Chinese central bank announces cuts to rates and RRR

China’s central bank has announced it is again slashing the interest rate and reserve requirement ratio, so as to release more liquidity and lower financing costs. The move comes two months after the previous cut in August, and marks the fifth such reduction in 2015. The People’s Bank of China (PBOC) slashed the one-year benchmark bank lending rate by 0.25% to 4.35%, and the one-year benchmark deposit rate by 0.25% to 1.5%. The reserve requirement ratio, which sets the minimum amount of deposit a bank must keep, is reduced by 0.5%.
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Follow us on...

China's Central Bank Issues New 100-Yuan Banknote

The central bank issued its new 100 yuan bill on Thursday.
The new banknote is design for easier identification by vending machines and automatic teller machines.
The most obvious change is the gold figure of 100 in the middle of the note. There are also some other technical changes to prevent the faking of the note.
Printing started about a month ago. This is the third 100-yuan edition of the fifth series of banknotes introduced in 1999. The second edition was issued in 2005.
Some Chinese residents say they like the new version.
"I think it's better than before," said a resident in Shanghai.
"It looks more like money with the kind of shiny powder on it," said another resident.
More on: http://news.cctvplus.tv/NewJsp/news.jsp?fileId=326133
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published: 12 Nov 2015

China’s Central Bank Adds No Gold to Reserves in November

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China’sCentral BankAdds No Gold to Reserves in November
Today is Friday 23rd December 2016 and we are briefly covering what is happening to gold imports into China.
But first a question or four:
• Do you recall headlines lately about China selling off US Treasuries because they lacked confidence in the dollar and preferred to invest their money in tangible assets such as gold?
• Do you recall headlines about China setting up its own Gold Price Fix against the Yuan on The Shanghai Gold Exchange’s program which includes 12 “fixing” members, 10 of which are Chinese banks - which would make more transparent the true price of gold?
• Do you recall headlines from the pumpers that China has been importing record levels of phy...

Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin MinersThe People’s Bank of China (PBOC) today had a closed-door meeting on the use of electricity for bitcoin mining. The legitimacy of the news has been confirmed by Tencent Finance.
Also Read:
The PBOC Investigates the Power Usage of Bitcoin Mining
said that China’s central bank recently had a closed-door meeting to discuss how to regulate bitcoin mining. Two sources reveal that the authority doesn’t plan to shut down mining farms, but to regulate the power usage of bitcoin miners.
A Sichuan-based bitcoin mining farm owner said that the local government is investigating a list of bitcoin mining data centers in the area.Governments at all levels were asked to clarify the location and numbers of bitcoin mine...

Chinese Central Bank Completes Trial Run on Digital Currency System

http://inteldinarchronicles.blogspot.com/2017/01/chinese-central-bank-completes-trial.htmlThe People’s Bank of China (PBOC) has completed a successful trial run of a digital bank acceptance exchange, moving it closer to becoming the first central bank in the world to research and test its own digital currency, according to media agency Caixin.
Citing sources from the PBOC, Caixin says the central bank on Dec. 15 completed the trial in transactions and settlements of bank acceptance bills using a digital currency it developed.
The tests were run with the participation of several commercial banks, including the Industrial and Commercial Bank of China, Bank of China and the private WeBank, the sources said.
Taking the next steps, the Bank plans to set up a digital currency research instit...

published: 26 Jan 2017

The European Central Bank Switched to Chinese Yuan for the first - politics

Today's Alternative NewsChannel - The European Central BankSwitched to Chinese Yuan for the first time!
in what could be a major sign of things to come, the European Central Bank just switched to Chinese Yuan for the first time. Will this be the beginning of the end for the fiat US dollar?n what could be a major sign of things to come, the European Central Bank just switched to Chinese Yuan for the first time. Will this be the beginning of the end for the fiat US dollar?
According to a muted article from Reuters,
ECB shifts some reserves to yuan from U.S. dollarsSource:
https://geopolitics.co/2017/06/15/the-european-central-bank-switched-to-chinese-yuan-for-the-first-time/
See our playlist for additional information:
POLITICS:
https://www.youtube.com/playlist?list=PL3vNhMt4w_S...

published: 24 Jun 2017

China's Central Bank Will Buy More Gold

(9 Mar 2018) China's central bank governor sought on Friday to defuse concern over the country's rising debt, saying it has been "stabilised."
Zhou Xiaochuan's comments follow Beijing's criticism last year of global rating agencies that cut its credit rating due to China's total government and corporate debt burden.
Chinese regulators are trying to curb reliance on debt to support economic growth and clear away unpaid loans but private sector analysts warn they might be moving too slowly.
Chinese debt burden estimated to have risen to at least 270 percent of gross domestic product, close to the level of developed economies.
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/c7d3739d43edac5a1beedd699b4d8494
Find out more about AP Archive: htt...

China buys US Bonds. Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/china-us-debt-situation/v/review-of-china-us-currency-situation?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here:
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/china-us-debt-situation/v/china-pegs-to-dollar-to-keep-trade-imbalance?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: This tutorial contains short videos that explain how China and the United States are intertwined through currency and debt. This is key for understanding the current global macro picture.
About Khan Academ...

China is cutting interest rates again in a new effort to shore up its anemic economic growth. The People's Bank of China announced Saturday that it was cutting the rate on a one-year loan by commercial banks by 0.25 percentage point to 5.35 percent. The cuts follow a string of tax reductions and other measures aimed at propping up growth. The latest cuts are expected to reduce financial costs for state companies and are a signal to state-owned banks to boost lending.
http://feeds.foxnews.com/~r/foxnews/world/~3/AFs7q38mBMI/
http://www.wochit.com

published: 28 Feb 2015

Bitcoin Could COLLAPSE Financial System According to China Central Bank Advisor!

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********************************************************************
Sources:
https://goo.gl/UpprQe
In This Episode:
According to a PBOC’s advisor, Bitcoin is illegitimate but the currency they issue is not. Government decree is the only thing that sets a fiat currency apart from a cryptocurrency in this respect. Governments and those in the financial industry have been constantly dwelling on the dangers of cryptocur...

Exclusive interview with Vice Governor of China’s central bank

China is moving ever closer to the internationalization of the yuan, with the currency scheduled to officially join the Special Drawing Rights basket on October...

China is moving ever closer to the internationalization of the yuan, with the currency scheduled to officially join the Special Drawing Rights basket on October 1. This move shows the importance of the country to the global economy. CCTV spoke to the Vice Governor of the Chinese central bank, Yi Gang, during the recent G20 meeting in the eastern Chinese city of Hangzhou. Yi discussed the implications of this development, and how it was related to China's ongoing economic reforms.
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China is moving ever closer to the internationalization of the yuan, with the currency scheduled to officially join the Special Drawing Rights basket on October 1. This move shows the importance of the country to the global economy. CCTV spoke to the Vice Governor of the Chinese central bank, Yi Gang, during the recent G20 meeting in the eastern Chinese city of Hangzhou. Yi discussed the implications of this development, and how it was related to China's ongoing economic reforms.
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published:09 Sep 2016

views:642

back

What Do China, Russia And Central Bankers Know That Americans Do Not!!! (Gold Demand) Part 1

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Globally, gold demand declined 2 per cent to 929 tonnes during the quarter. Central banks were net buyers of gold for the 15th consecutive quarter, buying 93 tonnes (101 tonnes) during Q3FY14. The Swiss government is to hold a referendum in end-November to mandate the holding of 20 per cent of their reserves in gold as against 8 per cent levels. If passed, Switzerland would need to buy around 1500 tonnes of gold over five years for a stronger gold-backed currency. "The holding of a referendum is in itself an affirmation of the increasing importance of gold globally," Mr. Somasundaram said.
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Date: 11/30/2014
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The analysis and discussion provided by MoneyBags73 is for your education and entertainment purposes only, it is not recommended for trading purposes. I am not an investment adviser and information obtained here should not be taken for professional investment advice.
The commentary on MoneyBags73's videos reflect the opinions of MoneyBags73.
Your own due diligence is recommended before buying or selling any investments, securities, or precious metals.

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Globally, gold demand declined 2 per cent to 929 tonnes during the quarter. Central banks were net buyers of gold for the 15th consecutive quarter, buying 93 tonnes (101 tonnes) during Q3FY14. The Swiss government is to hold a referendum in end-November to mandate the holding of 20 per cent of their reserves in gold as against 8 per cent levels. If passed, Switzerland would need to buy around 1500 tonnes of gold over five years for a stronger gold-backed currency. "The holding of a referendum is in itself an affirmation of the increasing importance of gold globally," Mr. Somasundaram said.
Royalty FreeMusic From AudioMicro: http://audiomicro.com/royalty-free-music
License #U552420T1113703
Track: A New Beginning - AM
Track Number: 1113703
Artist: 407Music
License Type: Standard License
Date: 11/30/2014
Fair use claimed for certain material used: 2 Photos from public domain.
Royalty freeStock media was provided by videoblocks.com under license agreement with VideoBlocks with rights to profit from all the video clips used in this short video.
The analysis and discussion provided by MoneyBags73 is for your education and entertainment purposes only, it is not recommended for trading purposes. I am not an investment adviser and information obtained here should not be taken for professional investment advice.
The commentary on MoneyBags73's videos reflect the opinions of MoneyBags73.
Your own due diligence is recommended before buying or selling any investments, securities, or precious metals.

LOOK THROUGH MY BOOKS!: http://books.themoneygps.com
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********************************************************************
Sources:
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In This Episode:
The central bank of China, the PBOC is hiring a team of people to develop a new digital currency which utilizes the blockchain technology. They join the other central banks which have publicly declared they’re looking into the feasibility of blockchain. This could really be a game changer.
china chinese yuan people's bank of china currency digital blockchain US dollar reserve currency bitcoin

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MY FREE eCOURSE - Financial Education Taught in Simple Illustrative Videos:
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********************************************************************
Sources:
https://goo.gl/UpprQe
In This Episode:
The central bank of China, the PBOC is hiring a team of people to develop a new digital currency which utilizes the blockchain technology. They join the other central banks which have publicly declared they’re looking into the feasibility of blockchain. This could really be a game changer.
china chinese yuan people's bank of china currency digital blockchain US dollar reserve currency bitcoin

CHINA have been warned that they are on the brink of financial collapse in a shock warning from central bank governor Zhou Xiaochuan.
China’s financial system is becoming more vulnerable due to high levels of leverage, or borrowing, the central bank governor Zhou Xiaochuan has claimed.
Writing in an article published on the People’s Bank of China’s website late Saturday, Mr Zhou warned about the prospect of potential financial problems in the world’s second-biggest economy.
Mr Zhou claimed that the country needed to tighten regulation as the governor warned about looming risks.
The central bank governor released his strategy to avoid a financial crisis by calling for equity funding and to eliminate “zombie” companies.
Risks of damage to the financial markets in China are “hidden, complex, sudden, contagious and hazardous,” according to Mr Zhou.
He wrote: “High leverage is the ultimate origin of macro financial vulnerability.
“In sectors of the real economy, this is reflected as excessive debt, and in the financial system, this is reflected as credit that has been expanding too quickly.”
Mr Zhou, who is expected to retire after a record 15 years, referred to a fear of sudden collapse in asset prices after large periods of growth.
When answering questions at the 19th Communist Party Congress report, Mr Zhou explained how to strength China’s financial system.
He said: “Financial risks include basic risks associated with financial markets and financial institutions.
“For example, some unhealthy financial institutions fail to meet relevant standards, and as a result may have to be closed or go bankrupt.
“By comparison, systemic financial risks can lead to financial crisis, set off dramatic chain reactions in the market, and cause great shocks to the economy and employment.”
The Governor did explain that the overall health of the financial system in China remained good, despite warnings.
In the article Mr Zhou also said China should: “actively develop equity financing, and steadily increase the proportion of direct finance.”
In a bid to fight off risks, China should handle “both cause and symptoms”, and be active in “both pre-emptive measures and reactive solutions”, Mr Zhou wrote.

CHINA have been warned that they are on the brink of financial collapse in a shock warning from central bank governor Zhou Xiaochuan.
China’s financial system is becoming more vulnerable due to high levels of leverage, or borrowing, the central bank governor Zhou Xiaochuan has claimed.
Writing in an article published on the People’s Bank of China’s website late Saturday, Mr Zhou warned about the prospect of potential financial problems in the world’s second-biggest economy.
Mr Zhou claimed that the country needed to tighten regulation as the governor warned about looming risks.
The central bank governor released his strategy to avoid a financial crisis by calling for equity funding and to eliminate “zombie” companies.
Risks of damage to the financial markets in China are “hidden, complex, sudden, contagious and hazardous,” according to Mr Zhou.
He wrote: “High leverage is the ultimate origin of macro financial vulnerability.
“In sectors of the real economy, this is reflected as excessive debt, and in the financial system, this is reflected as credit that has been expanding too quickly.”
Mr Zhou, who is expected to retire after a record 15 years, referred to a fear of sudden collapse in asset prices after large periods of growth.
When answering questions at the 19th Communist Party Congress report, Mr Zhou explained how to strength China’s financial system.
He said: “Financial risks include basic risks associated with financial markets and financial institutions.
“For example, some unhealthy financial institutions fail to meet relevant standards, and as a result may have to be closed or go bankrupt.
“By comparison, systemic financial risks can lead to financial crisis, set off dramatic chain reactions in the market, and cause great shocks to the economy and employment.”
The Governor did explain that the overall health of the financial system in China remained good, despite warnings.
In the article Mr Zhou also said China should: “actively develop equity financing, and steadily increase the proportion of direct finance.”
In a bid to fight off risks, China should handle “both cause and symptoms”, and be active in “both pre-emptive measures and reactive solutions”, Mr Zhou wrote.

Chinese central bank announces cuts to rates and RRR

China’s central bank has announced it is again slashing the interest rate and reserve requirement ratio, so as to release more liquidity and lower financing cos...

China’s central bank has announced it is again slashing the interest rate and reserve requirement ratio, so as to release more liquidity and lower financing costs. The move comes two months after the previous cut in August, and marks the fifth such reduction in 2015. The People’s Bank of China (PBOC) slashed the one-year benchmark bank lending rate by 0.25% to 4.35%, and the one-year benchmark deposit rate by 0.25% to 1.5%. The reserve requirement ratio, which sets the minimum amount of deposit a bank must keep, is reduced by 0.5%.
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China’s central bank has announced it is again slashing the interest rate and reserve requirement ratio, so as to release more liquidity and lower financing costs. The move comes two months after the previous cut in August, and marks the fifth such reduction in 2015. The People’s Bank of China (PBOC) slashed the one-year benchmark bank lending rate by 0.25% to 4.35%, and the one-year benchmark deposit rate by 0.25% to 1.5%. The reserve requirement ratio, which sets the minimum amount of deposit a bank must keep, is reduced by 0.5%.
Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing
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China's Central Bank Issues New 100-Yuan Banknote

The central bank issued its new 100 yuan bill on Thursday.
The new banknote is design for easier identification by vending machines and automatic teller machi...

The central bank issued its new 100 yuan bill on Thursday.
The new banknote is design for easier identification by vending machines and automatic teller machines.
The most obvious change is the gold figure of 100 in the middle of the note. There are also some other technical changes to prevent the faking of the note.
Printing started about a month ago. This is the third 100-yuan edition of the fifth series of banknotes introduced in 1999. The second edition was issued in 2005.
Some Chinese residents say they like the new version.
"I think it's better than before," said a resident in Shanghai.
"It looks more like money with the kind of shiny powder on it," said another resident.
More on: http://news.cctvplus.tv/NewJsp/news.jsp?fileId=326133
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The central bank issued its new 100 yuan bill on Thursday.
The new banknote is design for easier identification by vending machines and automatic teller machines.
The most obvious change is the gold figure of 100 in the middle of the note. There are also some other technical changes to prevent the faking of the note.
Printing started about a month ago. This is the third 100-yuan edition of the fifth series of banknotes introduced in 1999. The second edition was issued in 2005.
Some Chinese residents say they like the new version.
"I think it's better than before," said a resident in Shanghai.
"It looks more like money with the kind of shiny powder on it," said another resident.
More on: http://news.cctvplus.tv/NewJsp/news.jsp?fileId=326133
Subscribe us on Youtube: https://www.youtube.com/channel/UCmv5DbNpxH8X2eQxJBqEjKQ
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China’sCentral BankAdds No Gold to Reserves in November
Today is Friday 23rd December 2016 and we are briefly covering what is happening to gold imports into China.
But first a question or four:
• Do you recall headlines lately about China selling off US Treasuries because they lacked confidence in the dollar and preferred to invest their money in tangible assets such as gold?
• Do you recall headlines about China setting up its own Gold Price Fix against the Yuan on The Shanghai Gold Exchange’s program which includes 12 “fixing” members, 10 of which are Chinese banks - which would make more transparent the true price of gold?
• Do you recall headlines from the pumpers that China has been importing record levels of physical gold and it’s only a matter of time before its price starts to rise?
• Do you recall watching you tube videos when a great deal of fuss was made about China declaring it monthly gold reserves back in July 2015 and the expectations that this was going to cause gold prices to rise as it would prove the vast amounts of gold being imported?
Well we remember all of these. What we do not recall however in the last few days are the headlines which state :
“The People’s Bank of China reported that it added no gold in to her reserves in November and that this was the second month in 2016 that the PBOC did not add any gold to its reserves and with its foreign reserves falling $69 billion in November after falling $48 billion in October.”
Strange that don’t you think? We all hear about instances which can cause the price of gold to rise, but as soon as some information comes out which could have the opposite effect we hear very little.
The PBOC has been reporting its gold reserves on a monthly basis since July 2015 after not updating its gold holdings since 2009. China has added about 185 tons of gold to its reserves, bringing its total to 1,843 tons, the fifth most of any nation. China’s pace of gold acquisition, however, has slowed in 2016 as Chinese foreign reserves, including her holding of U.S. Treasuries have fallen.
Gold as a percentage of China’s foreign reserves is under 3%.
Whilst China’s 1,843 tons is an impressive amount, in fairness it does not reflect the entirety of the Chinese gold market or gold demand.
Now in the interests of transparency we have to admit that only a small portion of gold that is produced and imported into China finds its way to the foreign reserves of People’s Bank of China and so there is gold being purchased by individuals and investors elsewhere.
Ah Ha we hear the pumpers cry – that’s it its not the Central bank buying the gold its everyone else in China buying it.
Well perhaps they can explain why Chinese gold imports through Hong Kong were at 669 tons at the end of October, 2016 when in 2014 and 2015 Chinese gold imports through Hong Kong were 813 and 861 tons, respectively. So the figures are clearly down, though again in fairness China does not report additional amounts of gold imported through Shanghai. Don’t tell us it’s through Shanghai that all the gold is sold. mmmm
So when you see the headlines or individuals pumping up the amount of gold that China is buying just stop for a moment and simply ask yourself the question Really?
By the way since Friday’s close, gold is down just $5 at $1129 and silver is down 26 cents at $15.84.
Please view our latest videos:
Bloomberg is negative on Gold and they may have good reason.
https://youtu.be/7U3Y-Yn-jZ4
Goldman Sachs Pays $120 million fine for alleged rate fixing
https://youtu.be/GoaH5bvYduU
Too Big to Fail has become that little bit smaller.
https://youtu.be/_gyCgt-ttTs
World's oldest bank Banca Monte dei Paschi could run out of money soon
https://youtu.be/XyNsPibg_UU
Lagarde found guilty of negligence but is allowed to go Free
https://youtu.be/9502GWBIvxE
Why the Dollar won’t collapse on 31st December 2016 - Guaranteed
https://youtu.be/XX4AHkvwHXM
The various Uses of SilverSeries - Jewellery
https://youtu.be/y1y0GWlcs6U
Why ForeignCurrency Reserves Are Important – A BeginnersGuide
https://youtu.be/xjPlrI6AH7s
Gold and SilverUpdate w/e 16th December 2016
https://youtu.be/ulTkoUYUoFA
Ignore the Dollar CollapseFear Mongering – Rants Illuminati Silver
https://youtu.be/5iOG7-_vvF0
Gold nanotechnology and AMD - Blindness
https://youtu.be/jNry9Q8aaQs
Fed raises Rates - More to Come - Gold and Silver prices fall
https://youtu.be/3NMz7kZf4eA
Oil pricesJump 6% – Good News for Gold and Silver prices
https://youtu.be/yEPyvytaV5Y
Why is Donald Trump upsetting the Chinese Bear?
https://youtu.be/tB_f9yO9KsI
FED, Gold, Silver, Interest rates and Markets 2016
https://youtu.be/DhUGxJtDmiQ
Gold and Silver Update w/e 9th December 2016
https://youtu.be/1QX6134XbPU
Why Silver May Outshine Gold (cont.)
http
s://youtu.be/tWqrbebJuZ4

http://illuminatisilver.com
http://facebook.com/illuminatisilver
China’sCentral BankAdds No Gold to Reserves in November
Today is Friday 23rd December 2016 and we are briefly covering what is happening to gold imports into China.
But first a question or four:
• Do you recall headlines lately about China selling off US Treasuries because they lacked confidence in the dollar and preferred to invest their money in tangible assets such as gold?
• Do you recall headlines about China setting up its own Gold Price Fix against the Yuan on The Shanghai Gold Exchange’s program which includes 12 “fixing” members, 10 of which are Chinese banks - which would make more transparent the true price of gold?
• Do you recall headlines from the pumpers that China has been importing record levels of physical gold and it’s only a matter of time before its price starts to rise?
• Do you recall watching you tube videos when a great deal of fuss was made about China declaring it monthly gold reserves back in July 2015 and the expectations that this was going to cause gold prices to rise as it would prove the vast amounts of gold being imported?
Well we remember all of these. What we do not recall however in the last few days are the headlines which state :
“The People’s Bank of China reported that it added no gold in to her reserves in November and that this was the second month in 2016 that the PBOC did not add any gold to its reserves and with its foreign reserves falling $69 billion in November after falling $48 billion in October.”
Strange that don’t you think? We all hear about instances which can cause the price of gold to rise, but as soon as some information comes out which could have the opposite effect we hear very little.
The PBOC has been reporting its gold reserves on a monthly basis since July 2015 after not updating its gold holdings since 2009. China has added about 185 tons of gold to its reserves, bringing its total to 1,843 tons, the fifth most of any nation. China’s pace of gold acquisition, however, has slowed in 2016 as Chinese foreign reserves, including her holding of U.S. Treasuries have fallen.
Gold as a percentage of China’s foreign reserves is under 3%.
Whilst China’s 1,843 tons is an impressive amount, in fairness it does not reflect the entirety of the Chinese gold market or gold demand.
Now in the interests of transparency we have to admit that only a small portion of gold that is produced and imported into China finds its way to the foreign reserves of People’s Bank of China and so there is gold being purchased by individuals and investors elsewhere.
Ah Ha we hear the pumpers cry – that’s it its not the Central bank buying the gold its everyone else in China buying it.
Well perhaps they can explain why Chinese gold imports through Hong Kong were at 669 tons at the end of October, 2016 when in 2014 and 2015 Chinese gold imports through Hong Kong were 813 and 861 tons, respectively. So the figures are clearly down, though again in fairness China does not report additional amounts of gold imported through Shanghai. Don’t tell us it’s through Shanghai that all the gold is sold. mmmm
So when you see the headlines or individuals pumping up the amount of gold that China is buying just stop for a moment and simply ask yourself the question Really?
By the way since Friday’s close, gold is down just $5 at $1129 and silver is down 26 cents at $15.84.
Please view our latest videos:
Bloomberg is negative on Gold and they may have good reason.
https://youtu.be/7U3Y-Yn-jZ4
Goldman Sachs Pays $120 million fine for alleged rate fixing
https://youtu.be/GoaH5bvYduU
Too Big to Fail has become that little bit smaller.
https://youtu.be/_gyCgt-ttTs
World's oldest bank Banca Monte dei Paschi could run out of money soon
https://youtu.be/XyNsPibg_UU
Lagarde found guilty of negligence but is allowed to go Free
https://youtu.be/9502GWBIvxE
Why the Dollar won’t collapse on 31st December 2016 - Guaranteed
https://youtu.be/XX4AHkvwHXM
The various Uses of SilverSeries - Jewellery
https://youtu.be/y1y0GWlcs6U
Why ForeignCurrency Reserves Are Important – A BeginnersGuide
https://youtu.be/xjPlrI6AH7s
Gold and SilverUpdate w/e 16th December 2016
https://youtu.be/ulTkoUYUoFA
Ignore the Dollar CollapseFear Mongering – Rants Illuminati Silver
https://youtu.be/5iOG7-_vvF0
Gold nanotechnology and AMD - Blindness
https://youtu.be/jNry9Q8aaQs
Fed raises Rates - More to Come - Gold and Silver prices fall
https://youtu.be/3NMz7kZf4eA
Oil pricesJump 6% – Good News for Gold and Silver prices
https://youtu.be/yEPyvytaV5Y
Why is Donald Trump upsetting the Chinese Bear?
https://youtu.be/tB_f9yO9KsI
FED, Gold, Silver, Interest rates and Markets 2016
https://youtu.be/DhUGxJtDmiQ
Gold and Silver Update w/e 9th December 2016
https://youtu.be/1QX6134XbPU
Why Silver May Outshine Gold (cont.)
http
s://youtu.be/tWqrbebJuZ4

Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin MinersThe People’s Bank of China (PBOC) today had a closed-door meeting on the use of electricity for bitcoin mining. The legitimacy of the news has been confirmed by Tencent Finance.
Also Read:
The PBOC Investigates the Power Usage of Bitcoin Mining
said that China’s central bank recently had a closed-door meeting to discuss how to regulate bitcoin mining. Two sources reveal that the authority doesn’t plan to shut down mining farms, but to regulate the power usage of bitcoin miners.
A Sichuan-based bitcoin mining farm owner said that the local government is investigating a list of bitcoin mining data centers in the area.Governments at all levels were asked to clarify the location and numbers of bitcoin miners and report relative information to the monetary authority.He added that the move is currently targeting small-scale mining farms. “Large mining farms are still operating as usual But future development of bitcoin mining might be limited.”ChinesePress Are Talking About a Bitcoin ‘Bubble’
China Economic Weekly, the official newspaper subsidiary for the People’s Daily reported on the first working day of 2018 the government acted “with an iron fist” to ban initial coin offerings back in September for financial stability. The next day, China’sPeople’s Dailysaying that the discussion over a Bitcoin bubble is necessary.The so-called advantages such as scarcity, fidelity, strong liquidity, transparency and decentralization are only disguises for speculation. How come bitcoin price rallied hard in 2017 while it hasn’t made any improvement over the years?The official press of the Chinese government believes that investors try to make bitcoin look mysterious by highlighting its anonymous creator and bragging about its free liquidity. “the current tumble is a warning signal,” said the newspaper. “Investors must remain cautious of these pump-and-dump schemes.”
What do you think of the closed-door meeting and press’s weighing in on bitcoin? Leave your comments below. Images via Shutterstock.Need to calculate your bitcoin holdings? Check our tools section.
Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin Miners
BTCNews is the world's premier 24/7 news feed covering everything bitcoin-related.
‎About Bitcoin News, How to Calculate Bitcoin ... · ‎Bitcoin for Beginners ‎Op-Ed

Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin MinersThe People’s Bank of China (PBOC) today had a closed-door meeting on the use of electricity for bitcoin mining. The legitimacy of the news has been confirmed by Tencent Finance.
Also Read:
The PBOC Investigates the Power Usage of Bitcoin Mining
said that China’s central bank recently had a closed-door meeting to discuss how to regulate bitcoin mining. Two sources reveal that the authority doesn’t plan to shut down mining farms, but to regulate the power usage of bitcoin miners.
A Sichuan-based bitcoin mining farm owner said that the local government is investigating a list of bitcoin mining data centers in the area.Governments at all levels were asked to clarify the location and numbers of bitcoin miners and report relative information to the monetary authority.He added that the move is currently targeting small-scale mining farms. “Large mining farms are still operating as usual But future development of bitcoin mining might be limited.”ChinesePress Are Talking About a Bitcoin ‘Bubble’
China Economic Weekly, the official newspaper subsidiary for the People’s Daily reported on the first working day of 2018 the government acted “with an iron fist” to ban initial coin offerings back in September for financial stability. The next day, China’sPeople’s Dailysaying that the discussion over a Bitcoin bubble is necessary.The so-called advantages such as scarcity, fidelity, strong liquidity, transparency and decentralization are only disguises for speculation. How come bitcoin price rallied hard in 2017 while it hasn’t made any improvement over the years?The official press of the Chinese government believes that investors try to make bitcoin look mysterious by highlighting its anonymous creator and bragging about its free liquidity. “the current tumble is a warning signal,” said the newspaper. “Investors must remain cautious of these pump-and-dump schemes.”
What do you think of the closed-door meeting and press’s weighing in on bitcoin? Leave your comments below. Images via Shutterstock.Need to calculate your bitcoin holdings? Check our tools section.
Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin Miners
BTCNews is the world's premier 24/7 news feed covering everything bitcoin-related.
‎About Bitcoin News, How to Calculate Bitcoin ... · ‎Bitcoin for Beginners ‎Op-Ed

The European Central Bank (ECB) said it shifted 500 million euro (about 577 million US dollars) worth of its US dollar reserves to the Chinese yuan in the first half of this year. Is it a nod to growing international ties between the EU and China? The use of Chinese renminbi (RMB) as a global foreign currency has increased in recent years. A year after the International Monetary Fund (IMF) recognized the RMB as a global reserve currency, the ECB sold off a fraction of its US dollar holdings and bought 500 million Euros (about 577 million US dollars), worth of RMB.
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The European Central Bank (ECB) said it shifted 500 million euro (about 577 million US dollars) worth of its US dollar reserves to the Chinese yuan in the first half of this year. Is it a nod to growing international ties between the EU and China? The use of Chinese renminbi (RMB) as a global foreign currency has increased in recent years. A year after the International Monetary Fund (IMF) recognized the RMB as a global reserve currency, the ECB sold off a fraction of its US dollar holdings and bought 500 million Euros (about 577 million US dollars), worth of RMB.
Subscribe to us on YouTube: https://goo.gl/lP12gA
Watch CGTN Live: https://www.youtube.com/watch?v=L2-Aq7f_BwE
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http://inteldinarchronicles.blogspot.com/2017/01/chinese-central-bank-completes-trial.htmlThe People’s Bank of China (PBOC) has completed a successful trial run of a digital bank acceptance exchange, moving it closer to becoming the first central bank in the world to research and test its own digital currency, according to media agency Caixin.
Citing sources from the PBOC, Caixin says the central bank on Dec. 15 completed the trial in transactions and settlements of bank acceptance bills using a digital currency it developed.
The tests were run with the participation of several commercial banks, including the Industrial and Commercial Bank of China, Bank of China and the private WeBank, the sources said.
Taking the next steps, the Bank plans to set up a digital currency research institute, staffed by experts in developing big-data systems, cryptography, and blockchain technology.
When the system is ready, the central bank’s pilot digital bank acceptance exchange platform will be connected with the existing ShanghaiCommercial PaperExchange to form a national platform for bank bill transactions, said a person close to the central bank.
In previous discussions on the subject, the PBOC has inferred that China's digital money will be legal tender backed by the central government, and will enter circulation alongside traditional paper bills.

http://inteldinarchronicles.blogspot.com/2017/01/chinese-central-bank-completes-trial.htmlThe People’s Bank of China (PBOC) has completed a successful trial run of a digital bank acceptance exchange, moving it closer to becoming the first central bank in the world to research and test its own digital currency, according to media agency Caixin.
Citing sources from the PBOC, Caixin says the central bank on Dec. 15 completed the trial in transactions and settlements of bank acceptance bills using a digital currency it developed.
The tests were run with the participation of several commercial banks, including the Industrial and Commercial Bank of China, Bank of China and the private WeBank, the sources said.
Taking the next steps, the Bank plans to set up a digital currency research institute, staffed by experts in developing big-data systems, cryptography, and blockchain technology.
When the system is ready, the central bank’s pilot digital bank acceptance exchange platform will be connected with the existing ShanghaiCommercial PaperExchange to form a national platform for bank bill transactions, said a person close to the central bank.
In previous discussions on the subject, the PBOC has inferred that China's digital money will be legal tender backed by the central government, and will enter circulation alongside traditional paper bills.

published:26 Jan 2017

views:2218

back

The European Central Bank Switched to Chinese Yuan for the first - politics

Today's Alternative NewsChannel - The European Central BankSwitched to Chinese Yuan for the first time!
in what could be a major sign of things to come, the European Central Bank just switched to Chinese Yuan for the first time. Will this be the beginning of the end for the fiat US dollar?n what could be a major sign of things to come, the European Central Bank just switched to Chinese Yuan for the first time. Will this be the beginning of the end for the fiat US dollar?
According to a muted article from Reuters,
ECB shifts some reserves to yuan from U.S. dollarsSource:
https://geopolitics.co/2017/06/15/the-european-central-bank-switched-to-chinese-yuan-for-the-first-time/
See our playlist for additional information:
POLITICS:
https://www.youtube.com/playlist?list=PL3vNhMt4w_SI_yFQvfelBTllKUpszHtGt
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https://youtu.be/Tn5PoIqF2fQ
junenela54

Today's Alternative NewsChannel - The European Central BankSwitched to Chinese Yuan for the first time!
in what could be a major sign of things to come, the European Central Bank just switched to Chinese Yuan for the first time. Will this be the beginning of the end for the fiat US dollar?n what could be a major sign of things to come, the European Central Bank just switched to Chinese Yuan for the first time. Will this be the beginning of the end for the fiat US dollar?
According to a muted article from Reuters,
ECB shifts some reserves to yuan from U.S. dollarsSource:
https://geopolitics.co/2017/06/15/the-european-central-bank-switched-to-chinese-yuan-for-the-first-time/
See our playlist for additional information:
POLITICS:
https://www.youtube.com/playlist?list=PL3vNhMt4w_SI_yFQvfelBTllKUpszHtGt
HEALTHNEWS:
https://www.youtube.com/playlist?list=PL3vNhMt4w_SKrC2qOLET6ydlt3Lvx29i_
TECH AND SCIENCESTUFF:
https://www.youtube.com/playlist?list=PL3vNhMt4w_SKhC5M0NKTePMwwwezcPFjL
Today's Alternative News
https://www.youtube.com/channel/UCV6WBPEdQPZAVddWfmk1-Dg
https://youtu.be/Tn5PoIqF2fQ
junenela54

(9 Mar 2018) China's central bank governor sought on Friday to defuse concern over the country's rising debt, saying it has been "stabilised."
Zhou Xiaochuan's comments follow Beijing's criticism last year of global rating agencies that cut its credit rating due to China's total government and corporate debt burden.
Chinese regulators are trying to curb reliance on debt to support economic growth and clear away unpaid loans but private sector analysts warn they might be moving too slowly.
Chinese debt burden estimated to have risen to at least 270 percent of gross domestic product, close to the level of developed economies.
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/c7d3739d43edac5a1beedd699b4d8494
Find out more about AP Archive: http://www.aparchive.com/HowWeWork

(9 Mar 2018) China's central bank governor sought on Friday to defuse concern over the country's rising debt, saying it has been "stabilised."
Zhou Xiaochuan's comments follow Beijing's criticism last year of global rating agencies that cut its credit rating due to China's total government and corporate debt burden.
Chinese regulators are trying to curb reliance on debt to support economic growth and clear away unpaid loans but private sector analysts warn they might be moving too slowly.
Chinese debt burden estimated to have risen to at least 270 percent of gross domestic product, close to the level of developed economies.
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/c7d3739d43edac5a1beedd699b4d8494
Find out more about AP Archive: http://www.aparchive.com/HowWeWork

China buys US Bonds. Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/china-us-...

China buys US Bonds. Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/china-us-debt-situation/v/review-of-china-us-currency-situation?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here:
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/china-us-debt-situation/v/china-pegs-to-dollar-to-keep-trade-imbalance?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: This tutorial contains short videos that explain how China and the United States are intertwined through currency and debt. This is key for understanding the current global macro picture.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
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China buys US Bonds. Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/china-us-debt-situation/v/review-of-china-us-currency-situation?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here:
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/china-us-debt-situation/v/china-pegs-to-dollar-to-keep-trade-imbalance?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: This tutorial contains short videos that explain how China and the United States are intertwined through currency and debt. This is key for understanding the current global macro picture.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy

China is cutting interest rates again in a new effort to shore up its anemic economic growth. The People's Bank of China announced Saturday that it was cutting ...

China is cutting interest rates again in a new effort to shore up its anemic economic growth. The People's Bank of China announced Saturday that it was cutting the rate on a one-year loan by commercial banks by 0.25 percentage point to 5.35 percent. The cuts follow a string of tax reductions and other measures aimed at propping up growth. The latest cuts are expected to reduce financial costs for state companies and are a signal to state-owned banks to boost lending.
http://feeds.foxnews.com/~r/foxnews/world/~3/AFs7q38mBMI/
http://www.wochit.com

China is cutting interest rates again in a new effort to shore up its anemic economic growth. The People's Bank of China announced Saturday that it was cutting the rate on a one-year loan by commercial banks by 0.25 percentage point to 5.35 percent. The cuts follow a string of tax reductions and other measures aimed at propping up growth. The latest cuts are expected to reduce financial costs for state companies and are a signal to state-owned banks to boost lending.
http://feeds.foxnews.com/~r/foxnews/world/~3/AFs7q38mBMI/
http://www.wochit.com

published:28 Feb 2015

views:358

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Bitcoin Could COLLAPSE Financial System According to China Central Bank Advisor!

LOOK THROUGH MY BOOKS!: http://books.themoneygps.com
SUPPORT MY WORK: https://www.patreon.com/themoneygps
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********************************************************************
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https://goo.gl/UpprQe
In This Episode:
According to a PBOC’s advisor, Bitcoin is illegitimate but the currency they issue is not. Government decree is the only thing that sets a fiat currency apart from a cryptocurrency in this respect. Governments and those in the financial industry have been constantly dwelling on the dangers of cryptocurrencies all the while proving that central planners are completely incapable of price stability.
bitcoin ether ethereum crypto cryptocurrencies blockchain

LOOK THROUGH MY BOOKS!: http://books.themoneygps.com
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MY FREE eCOURSE - Financial Education Taught in Simple Illustrative Videos:
http://themoneygps.com/freeecourse
********************************************************************
Sources:
https://goo.gl/UpprQe
In This Episode:
According to a PBOC’s advisor, Bitcoin is illegitimate but the currency they issue is not. Government decree is the only thing that sets a fiat currency apart from a cryptocurrency in this respect. Governments and those in the financial industry have been constantly dwelling on the dangers of cryptocurrencies all the while proving that central planners are completely incapable of price stability.
bitcoin ether ethereum crypto cryptocurrencies blockchain

Bitcoin Could COLLAPSE Financial System According to China Central Bank Advisor!

LOOK THROUGH MY BOOKS!: http://books.themoneygps.com
SUPPORT MY WORK: https://www.patreon.com/themoneygps
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In This Episode:
According to a PBOC’s advisor, Bitcoin is illegitimate but the currency they issue is not. Government decree is the only thing that sets a fiat currency apart from a cryptocurrency in this respect. Governments and those in the financial industry have been constantly dwelling on the dangers of cryptocur...

published: 08 Jul 2017

WION Wallet: China Central Bank Chief sees 7% in GDP growth

WION Wallet: This segment of WION brings to you latest news from the world of business. Watch this video to know more.
World is One News, WION examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world.
Subscribe to our channel at https://goo.gl/JfY3NI
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published: 16 Oct 2017

Princes of the Yen: Central Bank Truth Documentary 『円の支配者』

“Princes of the Yen: CentralBanks and the Transformation of the Economy” reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept entirely in the dark about this.
Based on a book by ProfessorRichard Werner, a visiting researcher at the Bank of Japan during the 90s crash, during which the stock market dropped by 80% and house prices by up to 84%. The film uncovers the real cause of this extraordinary period in recent Japanese history.
Making extensive use of archival footage and TV appearances of Richard Werner from the time, the viewer is guided to a new understanding of what makes the world tick. And discovers that what happened in Japan almost 25 years ago is again repeating itself in Europe. To understand how,...

published: 04 Nov 2014

How Banks Work - History of Banks Documentary - Documentary Films

CLICK HERE - http://activeterium.com/1DCR - FOR MORE FREE DOCUMENTARIES
How BanksWork - History of Banks Documentary
The history and purpose of the Federal Reserve Bank is not what is commonly believed to be the truth. Its function in the financial affairs of the United States carries a definite dark side to it - one that would shock the average US citizen. Here are some details about this 5-part article series exposing the real truth behind this very powerful agency and why the nation listens when it speaks.
This first article lays the foundation of the history of the Federal Reserve by pointing out why there ever was an attempt to grab the controls of the reigns of agencies that produce the money in the US. Going back to England, it was shown that central banks have known for centur...

[421] China no longer engine of global growth

On Tuesday, it was a another large fall in Chinese shares as The Shanghai Composite index tumbled 7.6 percent. In an effort to stop the bleeding, the Chinese central bank has cut interest rates for the fifth time since November. The central bank has also lowered the reserve requirement ratio. Ameera David weighs in. Then, Ameera sits down with Max Wolff, Chief economist at ManhattanVenture partners, to continue the conversation on China.
After the break, Boom Bust’s Bianca Facchinei reports on the migrant crisis now gripping Europe. As the migrant crisis in Europe escalates, several countries are responding with aggressive police tactics, like using stun guns and tear gas, against the refugees or building walls at the border. Then Boom Bust’s Erin Ade tells us how concern over China mi...

China moves to stimulate growth after its GDP plunges to its lowest level since 2009--- cuts interest rates for the 6th time in 11 months.
Rate cut from China and stimulus hopes from the ECB propel global markets--- strong earnings from tech companies take Nasdaq higher by over 2%--- shares in Germany jump over 2%.
Vedanta goes back to the drawing board on Cairn India merger as minority sharehol

published: 23 Oct 2015

China’s Economic Challenges for the Next Decade 谢国忠

In this presentation, Dr. Andy Xie proposes an intuitive storyline on why China’s growth model is not sustainable and why he is sceptical of current central bank policies around the world in reviving global economic growth. 谢国忠

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In This Episode:
According to a PBOC’s advisor, Bitcoin is illegitimate but the currency they issue is not. Government decree is the only thing that sets a fiat currency apart from a cryptocurrency in this respect. Governments and those in the financial industry have been constantly dwelling on the dangers of cryptocurrencies all the while proving that central planners are completely incapable of price stability.
bitcoin ether ethereum crypto cryptocurrencies blockchain

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MY FREE eCOURSE - Financial Education Taught in Simple Illustrative Videos:
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********************************************************************
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https://goo.gl/UpprQe
In This Episode:
According to a PBOC’s advisor, Bitcoin is illegitimate but the currency they issue is not. Government decree is the only thing that sets a fiat currency apart from a cryptocurrency in this respect. Governments and those in the financial industry have been constantly dwelling on the dangers of cryptocurrencies all the while proving that central planners are completely incapable of price stability.
bitcoin ether ethereum crypto cryptocurrencies blockchain

WION Wallet: China Central Bank Chief sees 7% in GDP growth

WION Wallet: This segment of WION brings to you latest news from the world of business. Watch this video to know more.
World is One News, WION examines global ...

WION Wallet: This segment of WION brings to you latest news from the world of business. Watch this video to know more.
World is One News, WION examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world.
Subscribe to our channel at https://goo.gl/JfY3NI
Check out our website: http://www.wionews.com
Connect with us at our social media handles:
Facebook: https://www.facebook.com/WIONews
Twitter: https://twitter.com/WIONews
Google Plus: https://plus.google.com/+WIONews

WION Wallet: This segment of WION brings to you latest news from the world of business. Watch this video to know more.
World is One News, WION examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world.
Subscribe to our channel at https://goo.gl/JfY3NI
Check out our website: http://www.wionews.com
Connect with us at our social media handles:
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Google Plus: https://plus.google.com/+WIONews

“Princes of the Yen: CentralBanks and the Transformation of the Economy” reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept entirely in the dark about this.
Based on a book by ProfessorRichard Werner, a visiting researcher at the Bank of Japan during the 90s crash, during which the stock market dropped by 80% and house prices by up to 84%. The film uncovers the real cause of this extraordinary period in recent Japanese history.
Making extensive use of archival footage and TV appearances of Richard Werner from the time, the viewer is guided to a new understanding of what makes the world tick. And discovers that what happened in Japan almost 25 years ago is again repeating itself in Europe. To understand how, why and by whom, watch this film.
“Princes of the Yen” is an unprecedented challenge to today’s dominant ideological belief system, and the control levers that underpin it. Piece by piece, reality is deconstructed to reveal the world as it is, not as those in power would like us to believe that it is.
“Because only power that is hidden is power that endures.”
A film by MichaelOswald
You can follow Richard Werner (Author of the Book) on Twitter at @ProfessorWerner
Translate this film: http://www.youtube.com/timedtext_video?ref=share&v=p5Ac7ap_MAY
Help us spread the word:
Rate this film on IMDB: http://www.imdb.com/title/tt4172710/
Rate it and comment on youtube.
Share the film with your network.
Reviews:
“Mastery of filmmaking. An engaging and dynamic narrative supported by visual aesthetics” - SimeonRoberts - Film Critic, http://filmgods.co.uk/
"Essential viewing if you've any interest at all in economics or politics" - SteveMorrisseyFilm Reviwer & Critic, http://www.moviesteve.com/review-princes-of-the-yen-2014/
“Blows open the widely held consensus that ‘independent’ central banks are a force for economic good." Josh Ryan-Collins - New Economics Foundation and co-author of “Where DoesMoney Come From?"
"A fascinating look at the need for better public understanding of just how much money can affect the world we live in.” Ben Dyson - Founder Positive Money & co-author of ‘Modernising Money’
Website: http://princesoftheyen.com/
How central banks create money: http://princesoftheyen.com/central-bank-money-creation/

“Princes of the Yen: CentralBanks and the Transformation of the Economy” reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept entirely in the dark about this.
Based on a book by ProfessorRichard Werner, a visiting researcher at the Bank of Japan during the 90s crash, during which the stock market dropped by 80% and house prices by up to 84%. The film uncovers the real cause of this extraordinary period in recent Japanese history.
Making extensive use of archival footage and TV appearances of Richard Werner from the time, the viewer is guided to a new understanding of what makes the world tick. And discovers that what happened in Japan almost 25 years ago is again repeating itself in Europe. To understand how, why and by whom, watch this film.
“Princes of the Yen” is an unprecedented challenge to today’s dominant ideological belief system, and the control levers that underpin it. Piece by piece, reality is deconstructed to reveal the world as it is, not as those in power would like us to believe that it is.
“Because only power that is hidden is power that endures.”
A film by MichaelOswald
You can follow Richard Werner (Author of the Book) on Twitter at @ProfessorWerner
Translate this film: http://www.youtube.com/timedtext_video?ref=share&v=p5Ac7ap_MAY
Help us spread the word:
Rate this film on IMDB: http://www.imdb.com/title/tt4172710/
Rate it and comment on youtube.
Share the film with your network.
Reviews:
“Mastery of filmmaking. An engaging and dynamic narrative supported by visual aesthetics” - SimeonRoberts - Film Critic, http://filmgods.co.uk/
"Essential viewing if you've any interest at all in economics or politics" - SteveMorrisseyFilm Reviwer & Critic, http://www.moviesteve.com/review-princes-of-the-yen-2014/
“Blows open the widely held consensus that ‘independent’ central banks are a force for economic good." Josh Ryan-Collins - New Economics Foundation and co-author of “Where DoesMoney Come From?"
"A fascinating look at the need for better public understanding of just how much money can affect the world we live in.” Ben Dyson - Founder Positive Money & co-author of ‘Modernising Money’
Website: http://princesoftheyen.com/
How central banks create money: http://princesoftheyen.com/central-bank-money-creation/

CLICK HERE - http://activeterium.com/1DCR - FOR MORE FREE DOCUMENTARIES
How BanksWork - History of Banks Documentary
The history and purpose of the Federal Reserve Bank is not what is commonly believed to be the truth. Its function in the financial affairs of the United States carries a definite dark side to it - one that would shock the average US citizen. Here are some details about this 5-part article series exposing the real truth behind this very powerful agency and why the nation listens when it speaks.
This first article lays the foundation of the history of the Federal Reserve by pointing out why there ever was an attempt to grab the controls of the reigns of agencies that produce the money in the US. Going back to England, it was shown that central banks have known for centuries that controlling the making and lending of currency to a nation ultimately means the power to control that nation.
Before the Revolutionary War, the King of England, George III, working with the central Bank of England, had rejected the new currency of the Colonists in America. In its place, he wanted the Colonies to borrow English currency from the central bank of England with interest. The idea of being instantly indebted to England was quickly rejected by the Colonists - and war soon broke out. Benjamin Franklin believed that this action by the greedy money manipulators was probably the single most important reason behind the War.
The War did not end the problem of the money manipulators, however, but their efforts to get control of America's money were renewed after the War. The international bankers program was to lend money with interest and to control its distribution. Through this means they would create a never-ending indebtedness of that nation to the central bankers which would continually make those bankers unbelievably wealthy.
This was so much of an ongoing work by the international bankers that a number of attempts to establish a central bank in the United States had to be destroyed. Several attempts were even made in the twentieth century.
At last, a situation was created that led many Americans to rush to withdraw their money from banks immediately. The false belief that it was failing, was all that was needed for the formation of a central bank system to be created in the United States. A secret meeting in 1910 had laid the plans for the Federal Reserve Act. It was passed and signed by President Woodrow Wilson in 1913. After he learned more about the truth of what it would mean to the American people, he deeply regretted it and called himself a "most unhappy man" for having brought it about - largely because of the campaign favors that it would bring him.
One of the supposed reasons that the Federal Reserve was created was that it would create a much greater stability in our banking system. The appearance of failing banks brought the illusion that people needed this stability. It would be able to control inflation, and much more. The truth, however, is that financial chaos and panic was deliberately created by their actions - and many independent banks were destroyed in an effort to bring them under its control.
How Banks Work - History of Banks Documentary

CLICK HERE - http://activeterium.com/1DCR - FOR MORE FREE DOCUMENTARIES
How BanksWork - History of Banks Documentary
The history and purpose of the Federal Reserve Bank is not what is commonly believed to be the truth. Its function in the financial affairs of the United States carries a definite dark side to it - one that would shock the average US citizen. Here are some details about this 5-part article series exposing the real truth behind this very powerful agency and why the nation listens when it speaks.
This first article lays the foundation of the history of the Federal Reserve by pointing out why there ever was an attempt to grab the controls of the reigns of agencies that produce the money in the US. Going back to England, it was shown that central banks have known for centuries that controlling the making and lending of currency to a nation ultimately means the power to control that nation.
Before the Revolutionary War, the King of England, George III, working with the central Bank of England, had rejected the new currency of the Colonists in America. In its place, he wanted the Colonies to borrow English currency from the central bank of England with interest. The idea of being instantly indebted to England was quickly rejected by the Colonists - and war soon broke out. Benjamin Franklin believed that this action by the greedy money manipulators was probably the single most important reason behind the War.
The War did not end the problem of the money manipulators, however, but their efforts to get control of America's money were renewed after the War. The international bankers program was to lend money with interest and to control its distribution. Through this means they would create a never-ending indebtedness of that nation to the central bankers which would continually make those bankers unbelievably wealthy.
This was so much of an ongoing work by the international bankers that a number of attempts to establish a central bank in the United States had to be destroyed. Several attempts were even made in the twentieth century.
At last, a situation was created that led many Americans to rush to withdraw their money from banks immediately. The false belief that it was failing, was all that was needed for the formation of a central bank system to be created in the United States. A secret meeting in 1910 had laid the plans for the Federal Reserve Act. It was passed and signed by President Woodrow Wilson in 1913. After he learned more about the truth of what it would mean to the American people, he deeply regretted it and called himself a "most unhappy man" for having brought it about - largely because of the campaign favors that it would bring him.
One of the supposed reasons that the Federal Reserve was created was that it would create a much greater stability in our banking system. The appearance of failing banks brought the illusion that people needed this stability. It would be able to control inflation, and much more. The truth, however, is that financial chaos and panic was deliberately created by their actions - and many independent banks were destroyed in an effort to bring them under its control.
How Banks Work - History of Banks Documentary

[421] China no longer engine of global growth

On Tuesday, it was a another large fall in Chinese shares as The Shanghai Composite index tumbled 7.6 percent. In an effort to stop the bleeding, the Chinese ce...

On Tuesday, it was a another large fall in Chinese shares as The Shanghai Composite index tumbled 7.6 percent. In an effort to stop the bleeding, the Chinese central bank has cut interest rates for the fifth time since November. The central bank has also lowered the reserve requirement ratio. Ameera David weighs in. Then, Ameera sits down with Max Wolff, Chief economist at ManhattanVenture partners, to continue the conversation on China.
After the break, Boom Bust’s Bianca Facchinei reports on the migrant crisis now gripping Europe. As the migrant crisis in Europe escalates, several countries are responding with aggressive police tactics, like using stun guns and tear gas, against the refugees or building walls at the border. Then Boom Bust’s Erin Ade tells us how concern over China might be affecting the IPO market. And in The Big Deal, Ameera and Edward Harrison talk about the huge Chinese debt burden that has developed since 2007 and what impact it will have on the Chinese and global economy.
Take a look!
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On Tuesday, it was a another large fall in Chinese shares as The Shanghai Composite index tumbled 7.6 percent. In an effort to stop the bleeding, the Chinese central bank has cut interest rates for the fifth time since November. The central bank has also lowered the reserve requirement ratio. Ameera David weighs in. Then, Ameera sits down with Max Wolff, Chief economist at ManhattanVenture partners, to continue the conversation on China.
After the break, Boom Bust’s Bianca Facchinei reports on the migrant crisis now gripping Europe. As the migrant crisis in Europe escalates, several countries are responding with aggressive police tactics, like using stun guns and tear gas, against the refugees or building walls at the border. Then Boom Bust’s Erin Ade tells us how concern over China might be affecting the IPO market. And in The Big Deal, Ameera and Edward Harrison talk about the huge Chinese debt burden that has developed since 2007 and what impact it will have on the Chinese and global economy.
Take a look!
Check us out on Facebook -- and feel free to ask us questions:
http://www.facebook.com/BoomBustRT
https://www.facebook.com/harrison.writedowns
https://www.facebook.com/erinade2020
https://www.facebook.com/biancafacch
Follow us @
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China moves to stimulate growth after its GDP plunges to its lowest level since 2009--- cuts interest rates for the 6th time in 11 months.
Rate cut from China ...

China moves to stimulate growth after its GDP plunges to its lowest level since 2009--- cuts interest rates for the 6th time in 11 months.
Rate cut from China and stimulus hopes from the ECB propel global markets--- strong earnings from tech companies take Nasdaq higher by over 2%--- shares in Germany jump over 2%.
Vedanta goes back to the drawing board on Cairn India merger as minority sharehol

China moves to stimulate growth after its GDP plunges to its lowest level since 2009--- cuts interest rates for the 6th time in 11 months.
Rate cut from China and stimulus hopes from the ECB propel global markets--- strong earnings from tech companies take Nasdaq higher by over 2%--- shares in Germany jump over 2%.
Vedanta goes back to the drawing board on Cairn India merger as minority sharehol

China’s Economic Challenges for the Next Decade 谢国忠

In this presentation, Dr. Andy Xie proposes an intuitive storyline on why China’s growth model is not sustainable and why he is sceptical of current central ban...

In this presentation, Dr. Andy Xie proposes an intuitive storyline on why China’s growth model is not sustainable and why he is sceptical of current central bank policies around the world in reviving global economic growth. 谢国忠

In this presentation, Dr. Andy Xie proposes an intuitive storyline on why China’s growth model is not sustainable and why he is sceptical of current central bank policies around the world in reviving global economic growth. 谢国忠

Exclusive interview with Vice Governor of China’s central bank

China is moving ever closer to the internationalization of the yuan, with the currency scheduled to officially join the Special Drawing Rights basket on October 1. This move shows the importance of the country to the global economy. CCTV spoke to the Vice Governor of the Chinese central bank, Yi Gang, during the recent G20 meeting in the eastern Chinese city of Hangzhou. Yi discussed the implications of this development, and how it was related to China's ongoing economic reforms.
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4:45

What Do China, Russia And Central Bankers Know That Americans Do Not!!! (Gold Demand) Part 1

What Do China, Russia And Central Bankers Know That Americans Do Not!!! (Gold Demand) Part 1

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Globally, gold demand declined 2 per cent to 929 tonnes during the quarter. Central banks were net buyers of gold for the 15th consecutive quarter, buying 93 tonnes (101 tonnes) during Q3FY14. The Swiss government is to hold a referendum in end-November to mandate the holding of 20 per cent of their reserves in gold as against 8 per cent levels. If passed, Switzerland would need to buy around 1500 tonnes of gold over five years for a stronger gold-backed currency. "The holding of a referendum is in itself an affirmation of the increasing importance of gold globally," Mr. Somasundaram said.
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The analysis and discussion provided by MoneyBags73 is for your education and entertainment purposes only, it is not recommended for trading purposes. I am not an investment adviser and information obtained here should not be taken for professional investment advice.
The commentary on MoneyBags73's videos reflect the opinions of MoneyBags73.
Your own due diligence is recommended before buying or selling any investments, securities, or precious metals.

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In This Episode:
The central bank of China, the PBOC is hiring a team of people to develop a new digital currency which utilizes the blockchain technology. They join the other central banks which have publicly declared they’re looking into the feasibility of blockchain. This could really be a game changer.
china chinese yuan people's bank of china currency digital blockchain US dollar reserve currency bitcoin

CHINA have been warned that they are on the brink of financial collapse in a shock warning from central bank governor Zhou Xiaochuan.
China’s financial system is becoming more vulnerable due to high levels of leverage, or borrowing, the central bank governor Zhou Xiaochuan has claimed.
Writing in an article published on the People’s Bank of China’s website late Saturday, Mr Zhou warned about the prospect of potential financial problems in the world’s second-biggest economy.
Mr Zhou claimed that the country needed to tighten regulation as the governor warned about looming risks.
The central bank governor released his strategy to avoid a financial crisis by calling for equity funding and to eliminate “zombie” companies.
Risks of damage to the financial markets in China are “hidden, complex, sudden, contagious and hazardous,” according to Mr Zhou.
He wrote: “High leverage is the ultimate origin of macro financial vulnerability.
“In sectors of the real economy, this is reflected as excessive debt, and in the financial system, this is reflected as credit that has been expanding too quickly.”
Mr Zhou, who is expected to retire after a record 15 years, referred to a fear of sudden collapse in asset prices after large periods of growth.
When answering questions at the 19th Communist Party Congress report, Mr Zhou explained how to strength China’s financial system.
He said: “Financial risks include basic risks associated with financial markets and financial institutions.
“For example, some unhealthy financial institutions fail to meet relevant standards, and as a result may have to be closed or go bankrupt.
“By comparison, systemic financial risks can lead to financial crisis, set off dramatic chain reactions in the market, and cause great shocks to the economy and employment.”
The Governor did explain that the overall health of the financial system in China remained good, despite warnings.
In the article Mr Zhou also said China should: “actively develop equity financing, and steadily increase the proportion of direct finance.”
In a bid to fight off risks, China should handle “both cause and symptoms”, and be active in “both pre-emptive measures and reactive solutions”, Mr Zhou wrote.

Chinese central bank announces cuts to rates and RRR

China’s central bank has announced it is again slashing the interest rate and reserve requirement ratio, so as to release more liquidity and lower financing costs. The move comes two months after the previous cut in August, and marks the fifth such reduction in 2015. The People’s Bank of China (PBOC) slashed the one-year benchmark bank lending rate by 0.25% to 4.35%, and the one-year benchmark deposit rate by 0.25% to 1.5%. The reserve requirement ratio, which sets the minimum amount of deposit a bank must keep, is reduced by 0.5%.
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China's Central Bank Issues New 100-Yuan Banknote

The central bank issued its new 100 yuan bill on Thursday.
The new banknote is design for easier identification by vending machines and automatic teller machines.
The most obvious change is the gold figure of 100 in the middle of the note. There are also some other technical changes to prevent the faking of the note.
Printing started about a month ago. This is the third 100-yuan edition of the fifth series of banknotes introduced in 1999. The second edition was issued in 2005.
Some Chinese residents say they like the new version.
"I think it's better than before," said a resident in Shanghai.
"It looks more like money with the kind of shiny powder on it," said another resident.
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China’s Central Bank Adds No Gold to Reserves in November

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China’sCentral BankAdds No Gold to Reserves in November
Today is Friday 23rd December 2016 and we are briefly covering what is happening to gold imports into China.
But first a question or four:
• Do you recall headlines lately about China selling off US Treasuries because they lacked confidence in the dollar and preferred to invest their money in tangible assets such as gold?
• Do you recall headlines about China setting up its own Gold Price Fix against the Yuan on The Shanghai Gold Exchange’s program which includes 12 “fixing” members, 10 of which are Chinese banks - which would make more transparent the true price of gold?
• Do you recall headlines from the pumpers that China has been importing record levels of physical gold and it’s only a matter of time before its price starts to rise?
• Do you recall watching you tube videos when a great deal of fuss was made about China declaring it monthly gold reserves back in July 2015 and the expectations that this was going to cause gold prices to rise as it would prove the vast amounts of gold being imported?
Well we remember all of these. What we do not recall however in the last few days are the headlines which state :
“The People’s Bank of China reported that it added no gold in to her reserves in November and that this was the second month in 2016 that the PBOC did not add any gold to its reserves and with its foreign reserves falling $69 billion in November after falling $48 billion in October.”
Strange that don’t you think? We all hear about instances which can cause the price of gold to rise, but as soon as some information comes out which could have the opposite effect we hear very little.
The PBOC has been reporting its gold reserves on a monthly basis since July 2015 after not updating its gold holdings since 2009. China has added about 185 tons of gold to its reserves, bringing its total to 1,843 tons, the fifth most of any nation. China’s pace of gold acquisition, however, has slowed in 2016 as Chinese foreign reserves, including her holding of U.S. Treasuries have fallen.
Gold as a percentage of China’s foreign reserves is under 3%.
Whilst China’s 1,843 tons is an impressive amount, in fairness it does not reflect the entirety of the Chinese gold market or gold demand.
Now in the interests of transparency we have to admit that only a small portion of gold that is produced and imported into China finds its way to the foreign reserves of People’s Bank of China and so there is gold being purchased by individuals and investors elsewhere.
Ah Ha we hear the pumpers cry – that’s it its not the Central bank buying the gold its everyone else in China buying it.
Well perhaps they can explain why Chinese gold imports through Hong Kong were at 669 tons at the end of October, 2016 when in 2014 and 2015 Chinese gold imports through Hong Kong were 813 and 861 tons, respectively. So the figures are clearly down, though again in fairness China does not report additional amounts of gold imported through Shanghai. Don’t tell us it’s through Shanghai that all the gold is sold. mmmm
So when you see the headlines or individuals pumping up the amount of gold that China is buying just stop for a moment and simply ask yourself the question Really?
By the way since Friday’s close, gold is down just $5 at $1129 and silver is down 26 cents at $15.84.
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Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin MinersThe People’s Bank of China (PBOC) today had a closed-door meeting on the use of electricity for bitcoin mining. The legitimacy of the news has been confirmed by Tencent Finance.
Also Read:
The PBOC Investigates the Power Usage of Bitcoin Mining
said that China’s central bank recently had a closed-door meeting to discuss how to regulate bitcoin mining. Two sources reveal that the authority doesn’t plan to shut down mining farms, but to regulate the power usage of bitcoin miners.
A Sichuan-based bitcoin mining farm owner said that the local government is investigating a list of bitcoin mining data centers in the area.Governments at all levels were asked to clarify the location and numbers of bitcoin miners and report relative information to the monetary authority.He added that the move is currently targeting small-scale mining farms. “Large mining farms are still operating as usual But future development of bitcoin mining might be limited.”ChinesePress Are Talking About a Bitcoin ‘Bubble’
China Economic Weekly, the official newspaper subsidiary for the People’s Daily reported on the first working day of 2018 the government acted “with an iron fist” to ban initial coin offerings back in September for financial stability. The next day, China’sPeople’s Dailysaying that the discussion over a Bitcoin bubble is necessary.The so-called advantages such as scarcity, fidelity, strong liquidity, transparency and decentralization are only disguises for speculation. How come bitcoin price rallied hard in 2017 while it hasn’t made any improvement over the years?The official press of the Chinese government believes that investors try to make bitcoin look mysterious by highlighting its anonymous creator and bragging about its free liquidity. “the current tumble is a warning signal,” said the newspaper. “Investors must remain cautious of these pump-and-dump schemes.”
What do you think of the closed-door meeting and press’s weighing in on bitcoin? Leave your comments below. Images via Shutterstock.Need to calculate your bitcoin holdings? Check our tools section.
Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin Miners
BTCNews is the world's premier 24/7 news feed covering everything bitcoin-related.
‎About Bitcoin News, How to Calculate Bitcoin ... · ‎Bitcoin for Beginners ‎Op-Ed

Bitcoin Could COLLAPSE Financial System According to China Central Bank Advisor!

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In This Episode:
According to a PBOC’s advisor, Bitcoin is illegitimate but the currency they issue is not. Government decree is the only thing that sets a fiat currency apart from a cryptocurrency in this respect. Governments and those in the financial industry have been constantly dwelling on the dangers of cryptocurrencies all the while proving that central planners are completely incapable of price stability.
bitcoin ether ethereum crypto cryptocurrencies blockchain

21:42

WION Wallet: China Central Bank Chief sees 7% in GDP growth

WION Wallet: This segment of WION brings to you latest news from the world of business. Wa...

WION Wallet: China Central Bank Chief sees 7% in GDP growth

WION Wallet: This segment of WION brings to you latest news from the world of business. Watch this video to know more.
World is One News, WION examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world.
Subscribe to our channel at https://goo.gl/JfY3NI
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1:32:40

Princes of the Yen: Central Bank Truth Documentary 『円の支配者』

“Princes of the Yen: Central Banks and the Transformation of the Economy” reveals how Japa...

Princes of the Yen: Central Bank Truth Documentary 『円の支配者』

“Princes of the Yen: CentralBanks and the Transformation of the Economy” reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept entirely in the dark about this.
Based on a book by ProfessorRichard Werner, a visiting researcher at the Bank of Japan during the 90s crash, during which the stock market dropped by 80% and house prices by up to 84%. The film uncovers the real cause of this extraordinary period in recent Japanese history.
Making extensive use of archival footage and TV appearances of Richard Werner from the time, the viewer is guided to a new understanding of what makes the world tick. And discovers that what happened in Japan almost 25 years ago is again repeating itself in Europe. To understand how, why and by whom, watch this film.
“Princes of the Yen” is an unprecedented challenge to today’s dominant ideological belief system, and the control levers that underpin it. Piece by piece, reality is deconstructed to reveal the world as it is, not as those in power would like us to believe that it is.
“Because only power that is hidden is power that endures.”
A film by MichaelOswald
You can follow Richard Werner (Author of the Book) on Twitter at @ProfessorWerner
Translate this film: http://www.youtube.com/timedtext_video?ref=share&v=p5Ac7ap_MAY
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Reviews:
“Mastery of filmmaking. An engaging and dynamic narrative supported by visual aesthetics” - SimeonRoberts - Film Critic, http://filmgods.co.uk/
"Essential viewing if you've any interest at all in economics or politics" - SteveMorrisseyFilm Reviwer & Critic, http://www.moviesteve.com/review-princes-of-the-yen-2014/
“Blows open the widely held consensus that ‘independent’ central banks are a force for economic good." Josh Ryan-Collins - New Economics Foundation and co-author of “Where DoesMoney Come From?"
"A fascinating look at the need for better public understanding of just how much money can affect the world we live in.” Ben Dyson - Founder Positive Money & co-author of ‘Modernising Money’
Website: http://princesoftheyen.com/
How central banks create money: http://princesoftheyen.com/central-bank-money-creation/

44:53

How Banks Work - History of Banks Documentary - Documentary Films

CLICK HERE - http://activeterium.com/1DCR - FOR MORE FREE DOCUMENTARIES
How Banks Work -...

How Banks Work - History of Banks Documentary - Documentary Films

CLICK HERE - http://activeterium.com/1DCR - FOR MORE FREE DOCUMENTARIES
How BanksWork - History of Banks Documentary
The history and purpose of the Federal Reserve Bank is not what is commonly believed to be the truth. Its function in the financial affairs of the United States carries a definite dark side to it - one that would shock the average US citizen. Here are some details about this 5-part article series exposing the real truth behind this very powerful agency and why the nation listens when it speaks.
This first article lays the foundation of the history of the Federal Reserve by pointing out why there ever was an attempt to grab the controls of the reigns of agencies that produce the money in the US. Going back to England, it was shown that central banks have known for centuries that controlling the making and lending of currency to a nation ultimately means the power to control that nation.
Before the Revolutionary War, the King of England, George III, working with the central Bank of England, had rejected the new currency of the Colonists in America. In its place, he wanted the Colonies to borrow English currency from the central bank of England with interest. The idea of being instantly indebted to England was quickly rejected by the Colonists - and war soon broke out. Benjamin Franklin believed that this action by the greedy money manipulators was probably the single most important reason behind the War.
The War did not end the problem of the money manipulators, however, but their efforts to get control of America's money were renewed after the War. The international bankers program was to lend money with interest and to control its distribution. Through this means they would create a never-ending indebtedness of that nation to the central bankers which would continually make those bankers unbelievably wealthy.
This was so much of an ongoing work by the international bankers that a number of attempts to establish a central bank in the United States had to be destroyed. Several attempts were even made in the twentieth century.
At last, a situation was created that led many Americans to rush to withdraw their money from banks immediately. The false belief that it was failing, was all that was needed for the formation of a central bank system to be created in the United States. A secret meeting in 1910 had laid the plans for the Federal Reserve Act. It was passed and signed by President Woodrow Wilson in 1913. After he learned more about the truth of what it would mean to the American people, he deeply regretted it and called himself a "most unhappy man" for having brought it about - largely because of the campaign favors that it would bring him.
One of the supposed reasons that the Federal Reserve was created was that it would create a much greater stability in our banking system. The appearance of failing banks brought the illusion that people needed this stability. It would be able to control inflation, and much more. The truth, however, is that financial chaos and panic was deliberately created by their actions - and many independent banks were destroyed in an effort to bring them under its control.
How Banks Work - History of Banks Documentary

[421] China no longer engine of global growth

On Tuesday, it was a another large fall in Chinese shares as The Shanghai Composite index tumbled 7.6 percent. In an effort to stop the bleeding, the Chinese central bank has cut interest rates for the fifth time since November. The central bank has also lowered the reserve requirement ratio. Ameera David weighs in. Then, Ameera sits down with Max Wolff, Chief economist at ManhattanVenture partners, to continue the conversation on China.
After the break, Boom Bust’s Bianca Facchinei reports on the migrant crisis now gripping Europe. As the migrant crisis in Europe escalates, several countries are responding with aggressive police tactics, like using stun guns and tear gas, against the refugees or building walls at the border. Then Boom Bust’s Erin Ade tells us how concern over China might be affecting the IPO market. And in The Big Deal, Ameera and Edward Harrison talk about the huge Chinese debt burden that has developed since 2007 and what impact it will have on the Chinese and global economy.
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China moves to stimulate growth after its GDP plunges to its lowest level since 2009--- cuts interest rates for the 6th time in 11 months.
Rate cut from China and stimulus hopes from the ECB propel global markets--- strong earnings from tech companies take Nasdaq higher by over 2%--- shares in Germany jump over 2%.
Vedanta goes back to the drawing board on Cairn India merger as minority sharehol

China’s Economic Challenges for the Next Decade 谢国忠

In this presentation, Dr. Andy Xie proposes an intuitive storyline on why China’s growth model is not sustainable and why he is sceptical of current central bank policies around the world in reviving global economic growth. 谢国忠

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Chinese Central Bank Governor Warns Again of Finan...

Mark Grant // Central Bank Liquidity Drives Everyt...

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Princes of the Yen: Central Bank Truth Documentary...

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China’s Banking Transformation: The Untold Story...

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[421] China no longer engine of global growth...

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China’s Economic Challenges for the Next Decade 谢国...

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In another blow to the Trump administration Monday, the US Supreme Court decided Arizona must continue to issue state driver’s licenses to so-called Dreamer immigrants and refused to hear an effort by the state to challenge the Obama-era program that protects hundreds of thousands of young adults brought into the country illegally as children, Reuters reported ... – WN.com. Jack Durschlag....

An explosion on Sunday night in Austin shared "similarities" with three bombs that went off in the Texas capital earlier this month and authorities were warning on Monday that they are dealing with a serial bomber who is targeting the city, according to the Washington Post... “So we’ve definitely seen a change in the method that this suspect … is using.” ... “And we assure you that we are listening ... -WN.com, Maureen Foody....

Uber announced on Monday that it was pulling all of its self-driving cars from public roads in Arizona and San Francisco, Toronto, and Pittsburgh after a female pedestrian was reportedly killed after being struck by an autonomous Uber vehicle in Tempe, according to The Verge.&nbsp; ... “We are fully cooperating with local authorities in their investigation of this incident.” ... "Some incredibly sad news out of Arizona....

A panel of federal judges dismissed the Republican lawsuit challenging a new congressional map that was imposed by the Pennsylvania Supreme Court, ending one of two challenges to the map on Monday, according to The Inquirer. The judge's decision said that the Republican lawmakers who brought the challenge did not have legal standing to do so and that the case is inappropriate for the court to take up at this time ...ChiefU.S....

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China's overhaul of key government positions, which led to the election of a new centralbank governor and finance ...Yi Gang, 60, the former vice-governor of the centralbank, was elected by the country's top legislature to take over the helm at the People's Bank of China, the centralbank, from Zhou Xiaochuan, who had been in the job for 15 years....

China's overhaul of key government positions, which led to the election of a new centralbank governor and finance ...Yi Gang, 60, the former vice-governor of the centralbank, was elected by the country's top legislature to take over the helm at the People's Bank of China, the centralbank, from Zhou Xiaochuan, who had been in the job for 15 years....

Zhu held both the posts of vice premier and centralbank governor simultaneously from 1993 to 1995, and went on to become China´s premier in 1998-2003.As Xi begins his second five-year term as president, Beijing is streamlining regulators and ministries to reduce inefficiencies while expanding the remit of others such as the centralbank to boost their policymaking powers....

The CentralBank of Nigeria (CBN) on Monday injected another sum of $210 million into the interbank forex market as part of its desire to sustain liquidity in the market and ensure improved availability of the greenback in various segments of the market ... The centralbank had ......

Not-for-profit financial institution Karandaaz Pakistan on Monday agreed to provide technical assistance to the centralbank for formulating legal and regulatory framework for digital banks in the country ... The technical assistance will include extensive review of existing laws, rules and regulations and international best practices on regulatory frameworks for digital banks....

centralbank's policy-setting group, will meet on Tuesday and Wednesday ... * EuropeanCentralBank policymakers are shifting their debate to the expected path of interest rates as even some of its most dovish rate setters accept that lucrative bond buys should end this year, sources close to the discussion said ... subsidiary of the largest bank in the ......

is looking to inject as much as $1 billion to recapitalise UnityBank Plc, which is struggling to build buffers after a slowdown in Africa’s biggest economy, according to two people familiar with the matter ...Capital adequacy ratios across the banking industry worsened to 11.51 percent in June from 14.78 percent a year earlier, according to the centralbank....

The government had assured the exporters of simple procedure and paperless working, but in the new notification, the centralbank has involved more paper working and lengthy process for disbursement of duty drawback claims, he said. The Prgmea senior vice chairman said instead of involving associations, the exporters have been asked to directly submit their claims to the banks, which have no technical staff to evaluate the claims....

Nigeria’s foreign currency reserves is expected to hit $57 billion by year-end, several analysts and a senior official at the centralbank told BusinessDay over the weekend. That works out to a 29.5 percent surge from current levels of $44 billion- which compares to South Africa’s $50.5 billion reserve and Egypt’s $38 billion as of This content is for Standard & PremiumDigitalSubscribers only ...News you can trust ... ....

Bengaluru. Gold prices inched lower early Monday as the dollar remained supported, with investors expecting the U.S ... U.S ... centralbank is expected to raise interest rates for the first time this year. ....